Los Angeles County Employee Retirement Association

Stunned by the recent discovery of two 20-year-old "calculation errors" that have deprived the Los Angeles County employees' pension fund of more than $1 billion it should have collected, the pension investments board voted overwhelmingly Wednesday to compel the county to immediately begin paying an additional $25 million per year into the fund.

Stunned by the recent discovery of two 20-year-old "calculation errors" that have deprived the Los Angeles County employees' pension fund of more than $1 billion it should have collected, the pension investments board voted overwhelmingly Wednesday to compel the county to immediately begin paying an additional $25 million per year into the fund.